Global Total Knee Replacement Market Revenue Will Likely Surpass USD 15.32 Billion By 2032

Zion Market Research has published a new report titled “Global Total Knee Replacement Market Report.” According to the report, global demand for the total knee replacement market was valued at around USD 9.89 Billion in 2023 and is anticipated to exceed USD 15.32 Billion in 2032, growing at a CAGR of over 5.10% between 2024 and 2032.

Browse the full “Total Knee Replacement Market – By Product (Partial Knee Replacement Systems, Primary Knee Replacement Systems, And Revision Knee Replacement Systems), By Implant Type (Mobile-Bearing Implants, Fixed-Bearing Implants, Medial Pivot Implants, And Others), By Polyethylene Inserts (Antioxidant Polyethylene Inserts, Highly Cross-Linked Polyethylene Inserts, And Conventional Polyethylene Inserts), By Material (Metal-On-Metal, Metal-On-Plastic, Ceramic-On-Ceramic, And Ceramic-On-Plastic), By Component (Patellar, Tibial, And Femoral), By Device Type (Unicompartmental Knee Implants, Bi-Compartmental Knee Implants, And Tri-Compartmental Knee Implants), By Surgery Type (Traditional And Technology Assisted), By Fixation Material (Cementless, Cemented, And Hybrid), By Design (Posterior Stabilized Design, Cruciate Retaining Design, And Others), By End-Use (Ambulatory Surgery Centers, Hospitals, And Others), And By Region: Industry Perspective, Comprehensive Analysis, And Forecast, 2024 - 2032” Report at https://www.zionmarketresearch.com/report/total-knee-replacement-market

“Primary knee replacement systems” under the product segment is directing the global market

Primary knee replacement systems, also known as total knee replacement, held a major revenue share of the global total knee replacement market. Moreover, the segment is anticipated to grow substantially throughout the forecast period owing to its long-term pain relief and function restoration property.

Under the device type segment, the “tri-compartmental knee replacement systems” category dominates in the global market

Tri-compartmental knee replacement systems involve a surgical procedure for the total knee replacement. Such surgery is prescribed in cases with severe knee osteoarthritis. In this condition, the area surrounding the knee joint starts swelling, pain arises in the knee, and the knee becomes stiff, which leads to joint buckling & weakness. Therefore, to mitigate the growing knee pain along with the restoration of the knee alignment & function, doctors recommend patients to go for a tri-compartment knee replacement operation. Thus, the growing incidences of knee osteoarthritis are eventually fueling the segmental demand, thereby propelling the global total knee replacement market.

Technology-assisted surgery is witnessing phenomenal growth in the coming years

Although traditional surgery procedures are majorly employed for total knee replacement across the globe, technology-assisted surgical procedures are likely to be in more demand during the forecast period. The key factors decelerating the growth of traditional surgery for knee replacement are high operation costs and several post-operational impediments.

North America contributed to generating over half of the total revenue generated by the global total knee replacement market

In 2023, North America’s total knee replacement market held over half of the global market share and is projected to flourish remarkably during the study timeframe. The significantly growing incidences of knee replacement in the U.S. are primarily boosting the global total knee replacement market.

Some of the key players in the global total knee replacement market are ConforMIS Inc., MicroPort Scientific Corporation, C2F Implants, Zimmer Biomet, Waldemar LINK GmbH & Co. KG, DePuy Synthes, Stryker, Exactech Inc., DJO Global, Smith & Nephew Medacta, B. Braun, and Corin Group.

The global total knee replacement market is segmented as:

By Product

• Partial Knee Replacement Systems
• Primary Knee Replacement Systems
• Revision Knee Replacement Systems

By Implant Type

• Mobile-bearing Implants
• Fixed-bearing Implants
• Medial Pivot Implants
• Others

By Polyethylene Inserts

• Antioxidant Polyethylene Inserts
• Highly Cross-Linked Polyethylene Inserts
• Conventional Polyethylene Inserts

By Material

• Metal-On-Metal
• Metal-On-Plastic
• Ceramic-On-Ceramic
• Ceramic-On-Plastic

By Component

• Patellar
• Tibial
• Femoral

By Device Type

• Unicompartmental Knee Implants
• Bi-Compartmental Knee Implants
• Tri-Compartmental Knee Implants

By Surgery Type

• Traditional
• Technology-Assisted

By Fixation Material

• Cementless
• Cemented
• Hybrid

By Design

• Posterior Stabilized Design
• Cruciate Retaining Design
• Others

By End-Use

• Ambulatory Surgery Centers
• Hospitals
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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